California Insurance Code

§ 1780.54

INS § 1780.54 Effective Jan 1, 1994Div. 1 · Part 2 · Ch. 6.1

Statute text

To be authorized to perform the duties delegated by the commissioner under this chapter and to exercise the authority incidental thereto, an organization must satisfy the requirements of this section.

(a)The organization must be a private, nonprofit organization that has all the following qualifications:

(1)Experience in professional surplus line brokerage, advisory, and regulatory activity in California or whose members possess that experience.

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Legislative history

Added by Stats. 1993, Ch. 1007, Sec. 1. Effective January 1, 1994.